October 22, 2012
CanAm Announces Realignment of Corporate Executive Roles
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Calgary, AB -- October 22, 2012 -- CanAm Coal Corp. (TSXV: COE), (OTCQX: COECF) ("CanAm" or the "Company") announces a realignment of executive roles at its corporate office. After serving six years as the Company's Chief Executive Officer, Tim Bergen has made a personal decision to step away from day to day Company operations in order to focus solely on business development activities. As a result, Tim will step down as Company CEO and assume the title of Vice Chairman of the board responsible for business development. Tim's mandate will be to develop the Company's 1 to 3 year expansion plan including identifying and evaluating high value development projects and opportunities to develop a seaborne market for the Company's coal reserves. Jos De Smedt, CanAm's President and Chief Operating Officer will assume Tim's day to day management responsibilities. Commenting on the role change, CanAm's Chairman Jon Legg noted, "Under Tim Bergen's leadership, CanAm successfully transitioned from a development company to a full production company, which has delivered exponential growth highlighted by the acquisition of an 80% interest in Birmingham Coal & Coke. With this acquisition completed, the Company is fully focused on operational execution and delivering strong financial results. Our Calgary and Alabama based management team led by Jos De Smedt has the capacity and experience to deliver on this mandate and Bob and Tom Lewis will be responsible for day to day management at all of our mines. As a result, Tim has determined that he can best serve the Company by focusing on development of future growth opportunities. Tim will continue to be a key member of the board of directors going forward". The role change is effective immediately
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